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Riverside Communities Acquires Westwood Estates
Area's Premier Manufactured Home Community

CHICAGO, Sept. 19 /PRNewswire/ -- Riverside Communities today announced the closing of its latest acquisition, Westwood Estates, located in Pleasant Prairie, Wisconsin.

Westwood Estates is a 344 homesite, high-quality, family-oriented community situated on 95 heavily landscaped acres. The community consists of 306 existing home sites that are 100% occupied and an additional 38 homesites approved for expansion. With a country setting and easy access to Kenosha as well as both the Milwaukee and Chicago metropolitan areas, the community provides numerous options to homeowners for both work and play.

"The acquisition of Westwood Estates, together with our recent acquisition of Rainbow Lake Manor located in nearby Bristol, adds to our platform in southeast Wisconsin and should enhance the operations of both communities," said David Helfand, Riverside's President. He added, "Both properties represent the very best of what manufactured housing communities have to offer - peaceful, affordable places to live with residents that share a great sense of community."

Based in Chicago, Riverside Communities acquires and manages high quality manufactured home communities throughout the United States. Combined, the management team has more than 35 years of experience in the MHC industry, having acquired and managed over 50 communities.

Riverside Communities is actively seeking additional communities to acquire. For more information, please call Patrick Waite at (312) 242-1510.

SOURCE: Riverside Communities
CONTACT: Patrick Waite of Riverside Communities, (312) 242-1510.



 

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About Riverside Communities:  Riverside Communities is a Chicago-based real estate investment management company formed with the mission of providing our investors with attractive risk adjusted returns derived from ownership of manufactured housing communities.